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Business Loan in Khammam
Khammam is a city in Telangana known for its agricultural activities and emerging industrial sector. Small and medium-sized enterprises play a vital role in the local economy. Shriram Finance is dedicated to assisting these businesses by offering tailored financial solutions. A business loan in Khammam can provide the necessary funds for growth and adaptability. Shriram Finance provides flexible loan tenures and competitive interest rates starting from 10%* p.a.. Businesses can utilise these loans for expansion, machinery purchases, or managing daily expenses. The straightforward online Business Loan Application process simplifies securing funds.Recognising the needs of Khammam's entrepreneurs, Shriram Finance offers expert support throughout the application process. This ensures that businesses receive the capital they require swiftly. Shriram Finance stands as a reliable partner in Khammam's economic development, with business loans starting from Rs.1 lakh*.
Business Loan Types in Khammam
In Khammam, Shriram Finance provides a variety of secured and unsecured business loan options tailored to meet different financial needs. These include:
Features and Benefits of Business Loans in Khammam
For entrepreneurs in Khammam seeking financial aid to expand their operations, Shriram Finance is a strong option for obtaining a hassle-free business loan. Key benefits include:
Online EMI Calculator
Loans starting from Rs. 1 lakh*
Secured & Unsecured Loans
Quick Loan & Approvals
Flexible Loan Tenure
Hassle-free Online Process
Business Loan Interest Rates and Charges in Khammam
Interest rates for Shriram Finance unsecured business loan solutions in Khammam start at 12%*p.a. Please consult the particulars for comprehensive details on interest rates and any applicable charges. Secured business loan interest rates begin at 10%* p.a.
| Type of Fees | Applicable Charges |
|---|---|
| Interest Rate | Customised interest rates starting from 10%* p.a. |
| Processing Fees | Up to 5%* |
| Late Payment Fees | 36%* p.a on the Overdue Amount |
| Foreclosure Charges | Up to 4%* |
How to Use the Business Loans EMI Calculator
STEP 01
Required loan amount
STEP 02
Interest rate
Min 10%
Max 30%
STEP 03
Min 12 months
Max 84 months
Loan Summary
Loan
Loan Amount
₹ 1,00,000
Interest Payable
₹ 39,450
Monthly EMI
₹ 1,660
Eligibility and Documentation Criteria for Business Loan in Khammam
Eligibility and Documentation Criteria for Business Loan in Khammam
Who Can Apply- LLPs
- Public Ltd companies
- Pvt Ltd companies
- Partnership firms
- Proprietorship firms
Eligibility Criteria- Age: 21 years to 65 years (Age at loan maturity should not exceed 65 years)
- Occupation: Self-employed individuals, business owners, or proprietors with a minimum of 3 years of business experience.
Documents Required- Bank statement (6 months)
- Business registration proof
- Business PAN
- Applicant PAN
- Selfie Photograph
Step-by-Step Application Process for Business Loans in Khammam
The procedure to apply for a business loan in Khammam with Shriram involves a simple 5 step process:
Step 1
Register using your mobile numberStep 2
Enter loan detailsStep 3
Enter business detailsStep 4
Receive a verification call from usStep 5
Get your loan disbursed
Unsecured Business Loans in Khammam
Shriram Finance offers a practical avenue for enterprises to enhance their operations with our unsecured business loan, which eliminates the need for collateral. This allows businesses to access funding without having to pledge assets. An unsecured business loan from Shriram Finance can assist in addressing various financial requirements.The unsecured business loans provided by Shriram Finance feature flexible repayment schedules and attractive interest rates. The application process is designed to be hassle-free and efficient. These loans present numerous advantages, including no requirement for collateral, a quicker approval process, and favourable credit terms. To qualify for an unsecured business loan from Shriram Finance, businesses should have been operational for a specified period and provide all necessary documentation. Keep in mind that the availability of unsecured business loans may differ based on the location of the enterprise.
Our Business Loan Branches in Khammam
Shriram Finance operates branches in Khammam, making it easier for clients to apply for and manage their loans:
Locate Us
Business Loan Customer Care in Khammam
For any questions or support needed regarding a business loan in Khammam, Shriram Finance has specialised Business Loan Customer Care in Khammam. Assistance is available over the phone or through personal meetings at any of our branches.
Business Loan Status in Khammam
For those keen to learn the status of their business loan application, our website is available for you to enter your application reference number. You also have the option to get in touch with our customer care team for real-time updates on your application.Choosing Shriram Finance allows you to expect a hassle-free borrowing experience thoughtfully arranged to help you meet your financial objectives in Khammam.
Business Loans in Major Cities
Business Loan FAQs
Who is eligible for a business loan in Khammam?
If you operate a partnership firm, proprietorship firm, private limited company, public limited company, or a Limited Liability Partnership (LLP), you are eligible to apply for a business loan with us. The applicant must be aged between 21 years to 65 years (with age at loan maturity not exceeding 65 years). Self-employed individuals, business owners, or proprietors also need a minimum of 3 years of business experience. Your business should have an annual turnover of Rs. 20 lakhs or more to be eligible.
What interest rate applies to Shriram Finance business loans in Khammam?
The interest rate on our business loans starts at 10%* p.a. You can find the full details about interest rates and any applicable fees or charges in our interest rate policy.
How much financial assistance can my business secure in Khammam through Shriram Finance?
Business loans at Shriram Finance start from Rs.1 lakh*. How much you can secure depends on your business needs and whether you meet our eligibility criteria. We offer unsecured loans with an interest rate of 12%*p.a, and secured loans at 10%* p.a.
What is the application process for a business loan from Shriram Finance in Khammam?
We've made the application process as straightforward as possible. You can register on our website using your mobile number, and verify using the one-time password (OTP). Then, you enter your personal details and a representative will get in touch.
What repayment options are available for a business loan in Khammam?
We offer a few options when it comes to repaying your loan. You can choose a loan tenure from 12 to 48 months for unsecured business loans and from 12 – 84 months for secured business loans.
What is the processing time for a business loan in Khammam?
At Shriram Finance, we aim to sanction the loan within 2- 3 business days. However, it can depend on a few factors, such as the type of loan chosen and the amount of funding needed. The processing depends on you providing accurate information, meeting the eligibility criteria, and submitting all required documents.
What are the eligibility criteria for a startup business loan from Shriram Finance in Khammam?
The eligibility requirements for a startup business loan from Shriram Finance are generally the same as for a regular business loan.
What is the minimum interest rate for a business loan in Khammam?
The minimum interest rate is 10%* p.a.
Disclaimer
The information provided in this guide is for educational purposes only and should not be considered financial advice. Always consult with a financial advisor before making investment decisions related to fixed deposits or any other financial products.